Just-in-Time (JIT) manufacturing is a pull-through system of production unlike the traditional hatch manufacturing push-through system. JIT manufacturing is dedicated to eliminating waste and producing the right products at the right time, as they are needed, rather than when they can he made. In this way, market demand pulls production. Furthermore, suppliers deliver small hatches of raw materials to meet production demands. These techniques reduce the need for expediters, dispatchers, inventory control people, large factory floor space, and warehouses. This approach results in lower raw materials, work in process, and finished goods inventories:
The aim of this article is to examine the impact of JIT on some instances of management accounting, such as; Inventory Management, planning, decision - making and controlling.
Therefore the writer has tried to explain first the meaning of
The JIT system and by emphasis on necessary changes for implementing it, particular alterations in Management Acconnting systems are introduced.